Answer:
a. True
Explanation:
As per the data collected as on April 15, 2019 which reflects the tax day in the united states. On this date, the five greatest companies who deals in tobacco pay $9 billion to the state governments each and every year to settle out the legal proceeding for the year 1998 in order to compensate the states for the tobacco-related cost illness like - cancer, heart disease, etc
Therefore according to the above information, the given statement is true
Answer: IT'S C!!
Someone said it's b but it's not i just got it wrong
Answer: A statement of retained earnings shows how net income increased and dividends decreased the retained earnings balance during the period
Explanation:
A Statement of Retained Earnings which is also known as a Statement of Equity is a financial statement that reconciles the beginning and ending Retained Earnings balance
It uses information such as net income and dividends paid out.
When net income comes in, Retained Earnings increases. When Dividends are paid out, it reduces the balance because it represents cash outflow.
Answer:
To calculate the after-tax cost of debt, multiply the before-tax cost of debt by <u>(1 - tax rate)</u>.
Water and Power Company (WPC) can borrow funds at an interest rate of 10.20% for a period of four years. Its marginal federal-plus-state tax rate is 45%. WPC's after-tax cost of debt is <u>= 10.20% x (1 - 45%) = 5.61%</u>.
At the present time, Water and Power Company (WPC) has 15-year noncallable bonds with a face value of $1,000 that are outstanding. These bonds have a current market price of $1,329.55 per bond, carry a coupon rate of 12%, and distribute annual coupon payments. The company incurs a federal-plus-state tax rate of 45%. If WPC wants to issue new debt, what would be a reasonable estimate for its after-tax cost of debt (rounded to two decimal places)?
<u>B. 4.47%</u>
pre-tax cost of debt = bond's yield to maturity
approximate YTM = {120 + [(1,000 - 1,329.55)/15] / [(1,000 + 1,329.55)/2] = 98.03 / 1,164.775 = 0.08416 = 8.416%
approximate after tax cost of debt = 8.4% x (1 - 45%) = 4.62 = 4.62
since I used the approximate yield to maturity, my answer is not exact. That is why I have to look for the closest available option.
A structure such as the one Rakeesh has where everyone reports directly to the CEO, is called a <u>Flat Organizational Structure.</u>
<u></u>
<h3>
What is an Organizational Structure?</h3>
This is a system within an organization that spells out how people must relate to one another.
It also highlights how certain activities must flow for the objectives and or goals of that business or entity to be achieved.
See the link below for more about Organizational Structures:
brainly.com/question/26190165
